The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally in Asia next?
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The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally in Asia next?
from DailyFX – Market News https://bit.ly/3QCMl0p
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Each of the commodity currency central banks are expected to hike rates by at least 50-bps at their next meetings.
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The S&P 500 rallies after last week’s massive sell-off as dip buyers rush to scoop up beaten-down shares in hopes that the worst may be over ahead of Fed Powell's congressional testimony.
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EUR/JPY and EUR/GBP rates are in bullish breakout territory, while EUR/USD rates are rangebound.
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Fund manager Cathie Wood says her portfolio will produce a 40% compound annual growth rate over the next five years. Market history and executive insiders suggest otherwise.
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